The China Price
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Author | : Alexandra Harney |
Publisher | : Penguin |
Total Pages | : 356 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 9781594201578 |
A landmark eyewitness exposŽ of how China's factory economy competes for Western business by selling out its workers, its environment, and its future In The China Price, acclaimed Financial Timescorrespondent Alex Harney uncovers the truth about how China is able to offer such amazingly low prices to the rest of the world. What she has discovered is a brutal, Hobbesian world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact an unseen and unconscionable toll in human misery and environmental damage. In a way, Harney shows, what goes on in China is inevitable. In a country with almost no transparency, where graft is institutionalized and workers have little recourse to the rule of law, incentives to lie about business practices vastly outweigh incentives to tell the truth. Harney reveals that despite a decade of monitoring factories, outsiders all too often have no idea of the conditions under which goods from China are made. She exposes the widespread practice of using a dummy or model factory as a company's false window out to the world, concealing a vast number of illegal factories operating completely off the books. Some Western companies are better than others about sniffing out such deception, but too many are perfectly happy to embrace plausible deniability as long as the prices remain so low. And in the gold-rush atmosphere that's infected the country, in which everyone is clamoring to get rich at once and corruption is rampant, it's almost impossible for the Chinese government's own underfunded regulatory mechanisms to do much good at all. But perhaps the most important revelation in The China Priceis how fast change is coming, one way or another. A generation of Chinese flocked from the rural interior of the country to its coastline, where its factory work largely is, in the largest mass migration in human history. But that migration has slowed dramatically, in no small part because of widespread disenchantment with the way of life the factories offer. As pollution in China's industrial cities worsens and their infrastructure buckles, and grassroots activism for more legal recourse grows, pressures are mounting on the system that will not dissipate without profound change. Managing the violence of that change is the greatest challenge China faces in the near future, and managing its impact on the world economy is the challenge that faces us all.
Author | : Isabella M. Weber |
Publisher | : Routledge |
Total Pages | : 256 |
Release | : 2021-05-26 |
Genre | : Business & Economics |
ISBN | : 042995395X |
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Author | : Gordon G. Chang |
Publisher | : Random House |
Total Pages | : 368 |
Release | : 2001-09-15 |
Genre | : Business & Economics |
ISBN | : 1588360210 |
China is hot. The world sees a glorious future for this sleeping giant, three times larger than the United States, predicting it will blossom into the world's biggest economy by 2010. According to Chang, however, a Chinese-American lawyer and China specialist, the People's Republic is a paper dragon. Peer beneath the veneer of modernization since Mao's death, and the symptoms of decay are everywhere: Deflation grips the economy, state-owned enterprises are failing, banks are hopelessly insolvent, foreign investment continues to decline, and Communist party corruption eats away at the fabric of society. Beijing's cautious reforms have left the country stuck midway between communism and capitalism, Chang writes. With its impending World Trade Organization membership, for the first time China will be forced to open itself to foreign competition, which will shake the country to its foundations. Economic failure will be followed by government collapse. Covering subjects from party politics to the Falun Gong to the government's insupportable position on Taiwan, Chang presents a thorough and very chilling overview of China's present and not-so-distant future.
Author | : Paul Midler |
Publisher | : John Wiley & Sons |
Total Pages | : 278 |
Release | : 2010-12-03 |
Genre | : Business & Economics |
ISBN | : 1118004205 |
An insider reveals what can—and does—go wrong when companies shift production to China In this entertaining behind-the-scenes account, Paul Midler tells us all that is wrong with our effort to shift manufacturing to China. Now updated and expanded, Poorly Made in China reveals industry secrets, including the dangerous practice of quality fade—the deliberate and secret habit of Chinese manufacturers to widen profit margins through the reduction of quality inputs. U.S. importers don’t stand a chance, Midler explains, against savvy Chinese suppliers who feel they have little to lose by placing consumer safety at risk for the sake of greater profit. This is a lively and impassioned personal account, a collection of true stories, told by an American who has worked in the country for close to two decades. Poorly Made in China touches on a number of issues that affect us all.
Author | : Endymion Porter Wilkinson |
Publisher | : Routledge |
Total Pages | : 294 |
Release | : 2018-11-01 |
Genre | : Social Science |
ISBN | : 0429858264 |
This book, first published in 1980, uses a body of original documentary sources (some 5000 district grain price reports) to quantify, in the form of exchange and price zones, the relationships between the exchange markets and the grain markets of ninety district towns in Shensi, a province in China. Through this study there emerges a detailed picture of a near subsistence agricultural economy.
Author | : Orville Schell |
Publisher | : |
Total Pages | : 497 |
Release | : 2013 |
Genre | : China |
ISBN | : 0679643478 |
Two leading experts on China evaluate its rise throughout the past one hundred fifty years, sharing portraits of key intellectual and political leaders to explain how China transformed from a country under foreign assault to a world giant.
Author | : Lawrence Zhang |
Publisher | : Harvard University Press |
Total Pages | : 338 |
Release | : 2023-01-10 |
Genre | : |
ISBN | : 9780674278288 |
The Qing dynasty office purchase system (juanna), which allowed individuals to pay for government appointments, was regarded in traditional Chinese historiography as inherently corrupt and anti-meritocratic. Lawrence Zhang's groundbreaking study of a broad selection of new archival and other printed evidence contradicts this widely held assessment.
Author | : Barry Naughton |
Publisher | : MIT Press |
Total Pages | : 545 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 0262640643 |
The most comprehensive English-language overview of the modern Chinese economy, covering China's economic development since 1949 and post-1978 reforms--from industrial change and agricultural organization to science and technology.
Author | : Barry J. Naughton |
Publisher | : MIT Press |
Total Pages | : 609 |
Release | : 2018-03-23 |
Genre | : Business & Economics |
ISBN | : 0262344076 |
The new edition of a comprehensive overview of the modern Chinese economy, revised to reflect the end of the “miracle growth” period. This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both a broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. This second edition has been thoroughly revised to reflect a decade of developments in China's economy, notably the end of the period of “miracle growth” and the multiple transitions it now confronts—demographic, technological, macroeconomic, and institutional. Coverage of macroeconomic and financial policy has been significantly expanded. After covering endowments, legacies, economic systems, and general issues of economic structure, labor, and living standards, the book examines specific economic sectors, including agriculture, industry, technology, and foreign trade and investment. It then treats financial, macroeconomic, and environmental issues. The book covers such topics as patterns of growth and development, including population growth and the one-child family policy; the rural and urban economies, including rural industrialization and urban technological development; incoming and outgoing foreign investment; and environmental quality and the sustainability of growth. The book will be an essential resource for students, teachers, scholars, business practitioners, and policymakers. It is suitable for classroom use for undergraduate or graduate courses.
Author | : Damien Ma |
Publisher | : Pearson Education |
Total Pages | : 343 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 0133133893 |
The authors set out each of the scarcities that could limit China's power and stall its progress. Beyond scarcities of natural resources and public goods, they explore China's persistent poverties of individual freedoms, institutions, and ideological appeal--and the corrosive loss of values among a growing middle class shackled by a parochial and inflexible political system.